Technical Analysis Doesn't Work
- Thread starter rcanfiel
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Quote from ProfLogic:
bali_survivor: he (ProfLogic) was supposed to be starting a trading contest right here on ET but that has been cancelled
vhehn: good luck on that one. the prof is a little hard to pin down. i suspect he likes it that way.
downtickboy: Yea check the other ET thread as linked to above where he claimed he was going to trade for 20 days and post his results after having a drawn out disagreement with marketsurfer on the idea of trends. Prof was the one pushing for this trading contest/exercise and calling marketsurfer out only to back out of it himself after he was the one who set the time fram and start date.
benyls: I dont think professor logic will deliver what he has promised. There is tons of excuses and debate going on over there. Well it is always not easy to post statement, but what is ironical is nobody force him and he himself set the date and he himself mention he will post the statement. I was thinking of joining his class with 2 of my friend but now I will think thrice.
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"So I guess opinions of your insanity are perfectly accurate as well? You can sure tell you are still wet behind the ears..."
Don't you think that is a rather weak response to what people say about your "challenges"? I don't rip off a lot of people and pretend to be a person of distinguishment.
That was only a small SAMPLING of people who said clearly that you cut and run rather than follow up on your own challenge. The PM I got from your past customer filled in a lot of holes about your methods. You appear to rip people off.
bali_survivor: he (ProfLogic) was supposed to be starting a trading contest right here on ET but that has been cancelled
vhehn: good luck on that one. the prof is a little hard to pin down. i suspect he likes it that way.
downtickboy: Yea check the other ET thread as linked to above where he claimed he was going to trade for 20 days and post his results after having a drawn out disagreement with marketsurfer on the idea of trends. Prof was the one pushing for this trading contest/exercise and calling marketsurfer out only to back out of it himself after he was the one who set the time fram and start date.
benyls: I dont think professor logic will deliver what he has promised. There is tons of excuses and debate going on over there. Well it is always not easy to post statement, but what is ironical is nobody force him and he himself set the date and he himself mention he will post the statement. I was thinking of joining his class with 2 of my friend but now I will think thrice.
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"So I guess opinions of your insanity are perfectly accurate as well? You can sure tell you are still wet behind the ears..."
Don't you think that is a rather weak response to what people say about your "challenges"? I don't rip off a lot of people and pretend to be a person of distinguishment.
That was only a small SAMPLING of people who said clearly that you cut and run rather than follow up on your own challenge. The PM I got from your past customer filled in a lot of holes about your methods. You appear to rip people off.
rcanfiel, why do you need everything spoon fed to you? Its like you need everyone and their mother to tell you the water is ok before you jump in the pool.
TA works, but you have to understand HOW it works. This is on a person to person basis. TA wont work consistently in the classical sense for obvious reasons but different combinations of different aspects of TA all rolled together with real market experience is where its at.
TA works, but you have to understand HOW it works. This is on a person to person basis. TA wont work consistently in the classical sense for obvious reasons but different combinations of different aspects of TA all rolled together with real market experience is where its at.
Spoon fed? Like, since TA indicators don't work, you can combine them, so they don't work en masse?
There is little evidence they work, over many years under different markets.
But this can be ignored, since people think differently?
I am sorry, but anger, indignation, insults, appeals to belief or Guru Guy X, etc. that have mostly come in response in this thread have not been particularly convincing.
From Rcan
Why do people feel the need to lead off by saying stupid things? You know nothing about my trading, so saying it for effect has none.
No. The only way to know if a technique "works" is to apply rigorous testing before throwing away your trading capital. Your way is the method of the 95%.
Either you have traded technically or not.In your case,its clear you have failed at the task.
Rigorous testing??As in your stellar 2% compounded returns with a negative Sharpe ratio??
Test all you want,and if 2% compounded returns works for you,knock yourself out..
Why do people feel the need to lead off by saying stupid things? You know nothing about my trading, so saying it for effect has none.
No. The only way to know if a technique "works" is to apply rigorous testing before throwing away your trading capital. Your way is the method of the 95%.
Either you have traded technically or not.In your case,its clear you have failed at the task.
Rigorous testing??As in your stellar 2% compounded returns with a negative Sharpe ratio??
Test all you want,and if 2% compounded returns works for you,knock yourself out..
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